Blog

Who Should Be the Trustee of the 401(K) and What Are Their Responsibilities?

Do 401k plans have trustees? Usually, the answer is yes. The trustee is responsible for holding and investing the assets of the 401k plan and ensuring that the plan complies with all applicable laws and regulations. There are two types of trustees: corporate trustees and individual trustees. Corporate trustees are usually banks or other financial […]

Read More

What Are the Participant Loan Rules in a 401(K)?

In search of a quick way to get cash in hand, many of us turn to loan companies for a solution. Of course, the problem with many of those loan offers is that they often come with sky-high interest rates and predatory guidelines. That’s why a 401k participant loan can look so appealing compared to […]

Read More

What Is the Difference Between a 403(B) and a 401(K) Plan?

It’s never too early to plan for retirement. Thankfully, retirement plans often come with employment, thus making saving for your future more convenient. Most companies offer 401(k) and 403(b) retirement plans to their employees. As you’ve probably guessed, those two retirement plans are not completely similar. By the end of this article, you should have a […]

Read More

What Is an Average Deferral Percentage Test?

Have you been wondering lately if you are setting aside enough money for your retirement? If so, you aren’t alone. There are a lot of people who are wondering, "What do I need to know about the average deferral percentage test?" Here at Fiduciary Advisors LTD, we help people find the answers that they need in terms […]

Read More

Why You Should Hire a Third Party Administrator for Your 401(k) Plan

The 401(k) plan is one of the most important and influential benefits that a company can offer to its employees. It is so vital that there are many potential employees who won’t even consider going to work for a company that doesn’t offer this service. They understand that the value that a 401(k) plan can […]

Read More